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Updated over 3 years ago,
Second Mortgages Available for Commercial Properties
Hi Bigger Pockets:
I have come across a unique opportunity for owners of stabilized commercial properties of all types including apartments, office buildings, industrial, shopping center, etc. anywhere in the USA:
A private lender who will place a second position mortgage on these properties for fast cash out or bridge financing without disturbing the first position mortgage. Their rates are very competitive and they can potentially close in as little as two weeks. They will also invest in preferred equity if the first mortgage prevents another loan.
If you would like more information or would like me to have them send you term sheets, please direct message me, email me at [email protected] or give me a call at (480) 648 5747